CPAs Serving the Cannabis Industry

 

Webinars:

January 28, 2019
Cannabis: How it is working in other states – CA, CO, WA (Replay)
Webcast

January 29, 2019
Cannabis: Pitfalls and Possibilities — Representing Cannabis Clients (Replay)
Webcast

January 30, 2019
Cannabis: Banking and Insurance Issues (Replay)
Webcast

January 31, 2019
Cannabis: Regulatory Update (Replay)
Webcast

Gov. Phil Murphy's support of legalizing cannabis has prompted CPAs and other professionals to begin figuring out the ground rules of a potential multibillion-dollar industry. Join the NJCPA's new Cannabis Interest Group to gain information, insights and best practices as we wait for the legislative and regulatory process to play out in Trenton.

Join

From the NJCPA Focus blog:

7 Due Diligence Tips for Cannabis Operators

by Greg Chin, Jeffrey Michelson and Kevin Michaelan, CohnReznick | Jun 01, 2018
Accounting professionals in the U.S. have only begun to recently focus on the cannabis trade as more states legalize the use of marijuana for both medical and adult-use or recreational purposes. Here are seven due diligence tips for cannabis operators as they consider a potential sale of their business.

Marijuana in the Garden State

by Raymond Owens, CPA, tax supervisor, WithumSmith+Brown | Mar 02, 2018
With his Jan. 16 inauguration, New Jersey Governor Phil Murphy brings a bold new agenda headlined by a desire to legalize marijuana for recreational use. Legislation has already been introduced in New Jersey. Find out what it means for CPAs.

Five Reasons Accountants Should Serve Cannabis Clients

Posted: April 13, 2018
The biggest growth industry since cable TV desperately needs good accountants.

Preparing to Work Indirectly with the Cannabis Industry

Posted: March 1, 2018
Practitioners should be aware that even if they do not want to work directly with new cannabis industry clients, some of their existing clients may not have the same hesitancy, and this can present the practitioner with the same ethical concerns that would be encountered with a new client.

Recreational Marijuana Use Should Be Legalized in NJ, Say More Than 50 Percent of New Jersey CPAs Polled

Posted: December 14, 2017
More than 50 percent of the 747 New Jersey certified public accountants (CPAs) polled by the New Jersey Society of CPAs (NJCPA) in November said recreational marijuana use should be legalized in the state. Their reasons stemmed from it being a good source of tax revenue for the state and the potential for removing some of the burden on state prisons.

The Pitfalls of Expense Deductibility for Medical Cannabis

Posted: June 26, 2017
Pennsylvania recently joined the growing list of states where medical cannabis has been legalized. Pennsylvania is planning on issuing several different licenses, two of which are cannabis growers/processers and cannabis dispensaries. At the Federal level, find out what the challenges are.